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This is a list of countries by household final consumption expenditure per capita, that is, the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households during one year, divided by the country's average (or mid-year) population for the same year.
Below is a list of the largest consumer markets of the world, according to data from the World Bank.The countries are sorted by their household final consumption expenditure (HFCE) which represents consumer spending Values are in nominal terms in United States dollar and adjusted for Purchasing power parity (PPP) in constant 2021 International dollar in nominal terms.
Bales of used clothing being unloaded from a warehouse in Haiti. The global trade of secondhand clothing is a long-standing industry, which has been facilitated by the abundance of donated clothing in wealthy countries. This trade accounts for approximately 0.5% of the total value of clothing traded worldwide, while by weight it accounts for 10%.
In 1929, consumer spending was 75% of the nation's economy. This grew to 83% in 1932, when business spending dropped. Consumer spending dropped to about 50% during World War II due to large expenditures by the government and lack of consumer products. Consumer spending in the US rose from about 62% of GDP in 1960, where it stayed until about ...
The Global South, which includes cities in Asia, America, and Africa, is expected to account for 56% of consumption growth by 2030, [12] meaning that if current trends continue, relative consumption rates will shift more into these developing countries, whereas developed countries would start to plateau.
Check out the video above to discover the staggering statistics of the average human consumption throughout a lifetime. Image Credit: Getty Images Related articles
An increase in demand for textiles can be explained by many factors, but more recently there has been an increase in clothing consumption due to fashion influencers. In 2021, the global fashion influencer market was valued at 7.36 billion dollars and is expected to steadily grow at a CAGR of 32.5% from 2022 to 2029. [18] Since their content is ...
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